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it comes to the fact that matter the most the jobs market debt and deficit in his easy to of this gate and we saw lot of at last night with the vice-presidential deba. i want to set the record straight. vice president biden use the word fact 26 times the hard pressed to deliver any. over tax policy bden: the only way to find $5 trillion of loopholes is to cut the mortgage deduction, health care deduction take away the ability to get a tax break to send kids to college. ryan: he is wrong about that. you can preserve the purposes for middle class taxpayers. biden: has never been done before it. ryan: it has been done a couple of times. jack kennedy, ronald reagan. biden: now your jack kennedy? gerri: that was a cheap shot. bided was wronwhen he claimed lower tax rates never had higher revenues. 1920's were slashed from 70% down a 20%. there rose 60%. kennedy cut across the board with the top rate down at 70%. tax revenues jump. ronald reagan proposed sweeping tax rate reduction and the result revenues up 99%. biden: we made sure we cut taxes for the middle-class. gerri: not even close to
the official u.s. deficit this year. it is a doozy. you think your credit card bill is high? we're crunching those numbers. >>> a company will let you turn the outside of your home to a large billboard. people are scrambling to get in line. the guy behind this idea is here to explain. even when they are not, it's always about money. melissa: first, let's take a look at the day's market headlines. stocks closed out the week moving between positive and negative territory. u.s. consumer sentiment hit its highest level in five years but worries over bank profits and potential bailout for spain helped put a damper on investor optimism. the dow squeaked out two teeny, tiny points. advaed micro devices with the biggest loser on the s&p 500. the semiconductor maker cut its third quarter outlook, primarily blaming slowing global demand on weakening global economy. >>> business software company public debut isthe biggest ipo since facebook. that was back in may. >>> to our top story tonight i don't know about you but i envision peace and olive branches when i picture the european union. look at the pi
the remarkably large subsidies that obamacare created in a deficit. neil: is it fair to say that should he be elected president for weeks from now? >> he has made clear he will repeal obamacare. for whatever reason, that's not possible on a legislative basis, then he will begin minimizing the negative impacts that obamacare is clearly having on those who have to acquire health care, which is all of us. neil: pilates or if you have the republican senator structure that process? >> indeed. neil: senator cummins was a pleasure. >> thank you, neil be one remember when they were raking bullied over the coals by serving up remember how he looked? i think the shirt out of. >> today neil: have time. lloyd boeing plant ready to the throttle. showing who is the boss. forget about blaming that cats. you fix the the fiscal mess or ttere goes this country. i am exaggerating a bit, but make no mistake about what the wall street titans says must be done and done now. the only way to stimulate america is for leaders to get a clue nd start hammering out a long-term budget deal that at least shows progres
japan and the united states are facing huge deficits and the countries need to implement fiscal reforms to maintain investor confidence. it also acknowledges a decision by eurozone countries to launch a permanent fund designed to bail out struggling members. they say worries about the health of the region's financial system have increased since the spring with the need to use capital to help troubled banks in spain. >>> greece is one of the struggling eurozone members counting on bailout funds to keep it functioning. international lenders are demanding the country's politicians implement deep spending cuts in return for that aid. angela merkel traveled to athens to urge greek leaders to push ahead with austerity measures. merkel met with greek prime minister samas and this is her first visit since the debt crisis began three years ago. she hopes the country will stay with the eurozone. she has been demanding tough deficit cutting measures. greece's politicians are wrangling over the details of an austerity package that's a precondition for more than 30 billion euros in loans. the money
and managing deficits and on unleashing the forces of innovation. from everything i've seen the u.k.'s first coalition government since churchill is meeting these challenges head-on. in the face of the most challenging economic times we have experienced in decades this is a government that is clearly not afraid to leave. and in 2010 when david cameron went down the british economy and the entire european union was in dire straits. since then as we keep reading most national governments have tried to ride out the storm buy simply putting down the hatches and hoping that the sky is will return quickly. the governments have charted a new courses that will lead them to clear skies and i think the united kingdom has been an exception and the conservative party has been the reason. [applause] prime minister kim and together with his chancellor of george osborn are creating a new course for britain. it's not easy work, and i can appreciate how hard it is to step into a crisis and make the tough decisions to overcome. i first took office in the three months after the attack of my 11 -- 9/11. we lost
that big bird was driving the federal deficit. >> big bird. >> big bird. >> thank goodness someone is getting tough on big bird. >> it is about time. >>neil: big bird is a big joke after mitt romney said he would cut funding to pbs rather than borrow money from china. the obama campaign is take on the governor romney that has the folks at "sesame street" stewing. >> one man has the guts to spoke his name. >> big bird. >> big bird. >> big bird. big. yellow. a menace to the economy. mitt romney knows it is not wall street you have to worry about, it's "sesame street." >>neil: i want that defy to voice my ad. with the debt mounting even big bird is getting nervous. >> look at this. don't worry, don't worry, everyone is printing more money. >>neil: big bird that is not so, we are not cleaning it up, we are bigging deeper. if you can't touch big bird, what can you touch? this is no joke says my guest. his new book is "who is the fairest of them all." he churns these books out so fast but this could boomerang? >>guest: this is my favorite lines in the debate, actually, when mitt romney s
bernanke either, larry. >> this assumes interest rates are going to go up as deficit goes up as opposed to the fact the dollar is a currency of last resort and has kept rates chronically low. i know we've gone way far from big bird, but we probably should have anyway. >> and way over time, but it's okay. it was a good discussion. thank you both for joining us. >> thanks. >> thanks so much, everybody. we have about 40 minutes left in the program and before the closing bell sounds. we have a market down about 100 points. chb >> by the way, have you seen apple shares lower? is this stock? trouble? we're going to look at the charts on that. >> then after the bell, alcoa kicking off the earnings season tonight. chairman and ceo klaus kleinfeld breaks down the numbers with us. join me for that interview. >>> welcome back. it's been quick, the move on apple. apple shares falling into correction territory today, briefly down 10% from the highs this year. they didn't stay there long. bertha coombs has the details. over to you. >> it's been watching the technical on apple here over the last it fe
.s. government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on news the unemployment rate dropped to 7.8%. the dow gained, the s&p was flat, and a sell-off in apple dragged down the nasdaq. oil and gold staged dramatic pullbacks. today, platnum and gold producers will push to end a strike by south african workers over low wages. philip streible of rjo futures joins us on this monday morning. will we see a follow-through from that jobs number that came out on friday? > > that's a really interesting question. the reason why i bring that up is because the market reaction to the number, it was really well received. we saw the s&p 500 push up to 2007- level highs. bu
is already under way. >> here we go. tara, thank you so much. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many
both to close the deficit. we both submitted our economic proposals to the boston globe. they were sent out four independent economic analysis. found is that i was 67% more effective at cutting the deficit then senator brown. why? because i am willing to make cuts. i am willing to make substantial cuts. i support substantial cuts. i also believe we have to raise revenues. that is what it will take to get serious about our deficit. i truly believe on this one, this is about our children and grandchildren. we cannot leave it to our debts. >> that is time. mr. brown? >> great question. we are in the $16 trillion national debt. we are in another trillion dollar deficit. you cannot keep borrowing to pay our bills. when we are talking about cutting military spending, we have party cut in half a trillion dollars. that affects many people in this room and people watching. i have been battling as a member of the arms services committee to try to find the resources to protect our men and women who are serving. we have sequestration coming up. we are trying to work in a bipartisan effort to step b
proven to represent the opposite of peace. the eu severs from an extensive democratic deficit with violations of human rights along increasing social inequality. that stigma from the norwegian peace council, tariq ali. >> amy, the norwegian peace council has criticized the peace prize in the past. in fact, alfred nobel specified the peace prize should only be given to those who are actively promoting the cause of peace. which the eu does not do, either in the middle east -- for instance, it has backed and supported everything the israelis have done as far as the occupation of palestine is concerned. it has tried to isolate the palestinian government in the past. it has carried on supporting nato -- it is part of it, and and the war in afghanistan. it is not popular even among many swedish and norwegian members of parliament. i was there many years ago when they give it to obama. about 10,000 people demonstrated against that because obama had just said he was good escalate the war in afghanistan and pakistan. so the peace committee itself now, the nobel prize committee, has bec
that they need to do something about these large deficits immediately to make sure they don't harm growth. >> greece's case is a special one. they definitely need to do something on the fiscal front. imf has pushed the notion that greece needs debt restructuring. they're talking about whether there should be a delay. the imf has put on on the table informally that there needs to be a debt restructuring. i think you're overreading what they're putting into the uk story. when they did their review, they said if the economy slows down, you might have to change policy. well, what else would you do? sit on your hands and wait? in general they have been pretty consistent in favor of the tight fiscal loose monetary policy strategy. >> do you expect, does rbc, expect another restructuring? >> greece will definitely have on to do restructuring. the question is do they get one as part of a deal or do they take one. >> worth pointing out george will be joining us later on set. meanwhile, the ecc president draghi has been vowing to back the eurozone. he's announced proposals be put ford to deal with
have made great strides. she's been demanding they introduce tough deficit cutting measures. greece's politicians hope they'll receive more than 30 billion euros in bailout. it is part of a package approved by eurozone countries, the central bank, and international monetary fund. tens of thousands of greeks gathered to protest against merkel's visit. about 7,000 police officers were out in the streets to control the demonstrators. >>> now let's take a look at the latest market figures. >>> the international energy agency predicts that iraq's oil production will more than double. the forecast was in a report released on tuesday. the report says that iraq will likely produce 6.1 million barrels of oil a day in 2020. rather that's by 2020. iraq has signed many contracts with international oil companies. the country has been making progress and reconstruction since the u.s.-led war. the iea also projects by 2035 iraq's daily output will grow to 8.3 million barrels. that means iraq will overtake russia as the world's second largest oil exporter. but oil storage and transportation will be
deficit targets. we will not change our policies or our targets. >> spain rejects imf's suggestions that it needs more time to stabilize its economy. some analysts say the delay in asking for aid is worrying markets. member the pressure to ask for a bailout is making the country suffered. nobody wants that. not germany, nor spain. that alone could put us closer to a bailout. >> the spanish government says it will consider applying for aid once it has explored all options and conditions. >> despite the bad economic news in europe, germany's traders were in an optimistic mood. we have this report from the frankfurt stock exchange. >> germany is getting prepared for economic weakness. in other places of the world, signs of recovery are coming up. better than expected economic data from the united states pushed stock prices of words here in frankfurt. also bit unexpected were quarterly earnings reports, the ones from walmart for example. shares of siemens made an exception, though. they were among the losers on this thursday. siemens says its ceo announced job cuts and cost cuts. profit
also. actually doing quite well. our neighbor to the south, fiscal deficits. monetary policy. a better job creating jobs and there. as much as we can. >> implicit in all of this, we the united states and not doing as well as we should. let's turn inward. how worried are you and how much are you planning for the fiscal cliff? >> there has is the big deal. when the crisis happens, the debt tween crisis, we spend 50 to $100 million preparing. the complexity of that happening in global financial markets, real failure. the fiscal cliff is not quite that because it is more predictable, but we have a fiscal clef. going through to make sure we understand all of it. we will be prepared. j.p. morgan will survive the fiscal cliff. i think it's terrible policy to allow. the reason i think it's bad, there are potential outcomes. i would defy. therefore it is irresponsible policy to say, let's see. lets us see. let's try to avoid that. it won't happen on midnight dec. 31st. it will happen now. this is bad. the margin go higher. don't go, don't buy. wait and see. that is a recession. this people pull
not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome. this meeting is on the record. as we say, anything can and will i'm sure be against you. in this danish, probably some things you haven't said will be used against you. the phrase for someone it's no
blankfein, the man at helm of goldman sachs. a man on the deficit reduction committee and voted against simpson-bowles will tell us why he didn't like it and what he wants to hear in tonight's vp debate. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your
a credible plan to reduce our budget deficit, that's delivering very low interest rates for us in the markets at the moment. so that is the proof that there's international confidence in our plan. >> gilt yields are slightly lower. we're waiting for spain of course to ask for a bailout. spanish yields are lower. and if they stay in those sort of levels, spain will ride their luck for as long as they can. back to you. >> i was with you on that, ross. your audio guy was sleeping there for a second. we were going to step in and help you, but that was -- it was the eads, that's very unsettling what's happening with the eads. very unsettling. i'm anxious about how that finally plays out. >> no delay. >> just flew right over ross. >> flew right over ross. we may eventually have really quick flights again. did you see this guy who is going to jump out of balloon? he'll break the sound barrier. but as you're falling, since there's no -- what keeps you at terminal velocity is the air. if there's no air, they think he'll he break the speed of sound. >> why is he doing this? >> because he can. >> yeah,
countries getting on top of our debt problems. we have a credible plan to reduce our budget deficit that's delivering very low interest rates for us in the market at the moment. so that is the proof that there's international problems. >> the bae/eads merger, largest shareholder opposes the deal saying it would be better left as a stand alone company. >>> and angela merkel's first visit to athens since the eurozone crisis as finance ministers meet today in luxemburg. >>> very good morning to you. a new week on "worldwide exchange." and too late. if you haven't got your application in, it is too late. bank of england government job should have been in half an hour ago. so if you didn't make it, you're not going. jim o'neill wasn't applying, scott mcdonald wasn't applying either. i didn't get mine in. so never mind. stick here. also coming up, we'll be heading to new delhi to hear how undoing regulatory requirements could boost investments. details from one of the author of the quarterly cfo survey. and also president chavez is fig celebrating a hard-fought victory. if you have any thought
with the goldman sachs ceo lloyd blankfein plus the co-chairs of president obama's deficit commissionity, simpson and bowles. they'll discuss the fiscal issues. that's at 12:30 eastern on fast money halftime report. so don't miss that. >> and still to come here, christine lagarde has harsh words about austerity. we'll head back out to cadd ere cadre oig in tokyo after the break. kadri in tokyo after the . >>> christine lagarde calls for developed nations to do more to get their budgets in order while at the same time urging europe to give greece more time. >>> and central banks take action on slowing global growth. interest rates both cut by 25 basis points as the economies try to copy with waning demand. >> plus the states have been raised for today's debate between joe biden and paul ryan and new polls show the race for the white house has tightened. >> kelly and i might be wearing a dapper of red today. european stocks -- >> we didn't even plan it. we're just on the same wave length. >> stocks have a dash of green. not much, just a little. a welcome break if you're long in the markets after th
to cut budget deficits. greece and spain to have more time because it would do more harm than good. france and italy and spain have been giving the same message. germany responding by saying backtracking in debt reduction goals. it would hurt confidence and so it goes. connell: never a shortage items. [talking over each other] ashley: a very conservative view. vice president joe biden taking on paul ryan in the vice-presidential debate this evening and joe biden will have work cut out for him. a new fox news poll shows 40% of americans have a favorable opinion of paul ryan compared to 44% for the vice president. with reaction to that let's bring in judith miller, fox news contributor and fellow at the man and an institute and former press secretary for vice president al gore. who has the most to lose tonight? >> joe biden has the most to lose because if he doesn'' improve on the president's performance, this ticket is in big trouble. dagen: is it avoiding gaffes this evening? i would rather see him a little loose with his lips than be a board. >> he is not going to be boring. neith
to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. something in democratic andemoat republican leader were trying to work outth the own deal harry reid, the democratic leader, said to the
on big bird. going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to likely voters. that is a difference. we talk about it before. romney two-point lead. margin of error is tied. first time in a year, real clear politic average, he has the lead in the average of recent polls. what about this? the panel, jonah goldberg, from national review online. kirsten powers for daily beast. syndicated columnist charles krauthammer. charles, today's developments and well, big bird. >> democrats are actually running an ad showing big bird and contracting it with the bad guys on wall street. >> let's just play it. might as well. >> i'm just a prop here. >> bret: right. you're teein
economics. debt was a four letter word, deficit, the tea party movement, taxes, government spending, the role of government, the reach of government. i think that the coups and clues lies somewhere between 2008 and 2010. and sure, chemistry is important to women, biology is important to women. but in 2012 the most important issue to them really subject to them is math. >> brown: kellyanne conway and solindan lake, thank you both very much. >> thank you very much >> brown: in her weekly blog post, gwen ifill looks at how the campaigns are pitching hard to undecided women voters. and if you missed any of last night's debate, you can watch the vice-presidential match-up in full on our web site. >> woodruff: later in the program, we'll have more on the presidential race from shields and brooks. also ahead, the peace prize goes to the european union; and the pollsters, the gamblers, and the academics predict the election results. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: secretary of state hillary clinton vowed today that u.s. diplomats will not retre
is mocking romney on the deficit on wall street. watch this. >> bernie madoff, criminals, and the evil genius who towered over them. one man has the guts to speak his name. >> redbird. >> big yellow a menace to our economy. romney knows it is not wall street you have to worry about, it is big bird. mitt romney, taking on our enemies no matter where they nest. lori: is this what the presidential debate should really be focused on? lou dobbs is here. lou: where should we start. melissa: i will sit back. go ahead. lou: the sesame workshop has decided they have had a belly full of being in this presidential campaign. they have asked that the campaigns cease and assist. they are a nonpartisan outfit. it really became onerous when not only the president was using big bird, but then romney to point out there have been eight mentions of big bird by president obama and five mentions of elmo and count along the mentions of libya. zero. the plant to fix the economy, zero. big bird overtaking. talk about a big bird and a small issue. it is as you say on becoming. it is disastrous for the president. he lo
that the southern countries had to borrow to finance importing, germany will have to have a trade deficit, or there's no going home again. in china they cannot grow forever on the basis of exporting to the americans and not buying from the americans, because then they smother their customers. these imbalances haven't been fixed so, yes, the danger is real, and it's grave. jenna: charlie, let's talk about the ways to fix i. peter was mentioning the different types of economies at play in europe, but one of the things mentioned overall a couple years ago everyone was saying you've got to fix their debt and deficit, so people cut spending, and that became part of the problem because it slowed down the economy. >> well -- jenna: there's a little bit of you're darned if you do, you're darned if you don't. >> the imf is not a great example of how to fix things. they like high taxes, they like all those measures that slow down the economy. one of the problems in europe, and i have family in europe, is that the welfare state is too big. in italy it's la doll they vida every day. they're still there and sti
of the world. ( cheers and applause ) >> reporter: on deficit reduction, the president accused romney of salesmanship, not leadership, part of the new approach by this president to attack not just romney's policies, scott, but his character. >> pelley: nancy, thank you. the obama campaign has been running ads in ohio for months painting romney has a hard- hearted businessman indifferent to layoffs. romney now has 28 days to turn that around. jan crawford is with the campaign tonight. jan? >> reporter: well, scott, romney arrived here in ohio with a boost in momentum and a slightly different approach. he's showing a softer side. he's also being more aggressive in defending himself. at his family's urging, romney-- a private man-- has been telling personal stories of helping others. today in iowa he talked of meeting a former navy seal who was killed, along with three other americans, in the attacks in libya. >> and it -- it touched me, obviously, as i recognized this young man that i thought was so impressive had lost his life in the service of his fellow men and women. >> reporter: no
of reducing tax marginal tax rates and increasing revenues and the cost it might add to the deficit is criticized as being non-specific. how do they respond to that? >> governor romney has laid out a framework. any time you have a plan such as this, you don't want to put all the details out there because there are negotiations that need to take place. the framework has been looked up by six different independent organizations including those from harvard and princeton. to say this plan will work. so the details don't need to be out there right now. the framework is very clear about what mitt romney and paul ryan want to do to strengthen our middle-class. >> gregg: i might say that the tax policy center which is cited by the obama campaign it's going to cost five trillion has been said by the director of the to be completely untrue. let me move on. the president has added two new things to his campaign speeches. he tells his audiences he says romney wants to kill big bird but more credibly he points to the unemployment rate that drops below 8%. it shows the economy under his leadersh
. mitt romney said cutting funding to pbs would be one element of his plan to shrink the deficit. look at this ad that the obama campaign came out with today. john? >> bernie madoff, ken lay, kozlowski, criminals, glutens of greed and the evil genius who towered over them? one man has the guts to speak his name. >> big bird. >> big bird. >> big bird. >> it's me, big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> i'm going to stop the subsidy to pbs. >> mitt romney taking on the enemy no matter where they nest. >> this is risky for the obama campaign. they're campaign has been criticized about being about small things. we'll see if this could be a backfire. the campaign tells me this ad is running only on national broadcast and cable. it's not running in swing states. i'm interested to see how much money is behind this ad or if this is just an attempt to get the chattering classes like us -- >> on the one hand it is small, every time i see it, i laugh. it is genuinely humorous and funny. all swing sta
of senators kicked off a meeting in washington dc to work on a long term deficit reduction plan. the group takes over where the gang of six left off last year. they are reconvening two new members to try to find a way to cancel tax hikes and spending cuts set to kick in on january 1st. if they go into effect some warn it could put the country back into a recession. >> a sea lion in disstress. >> and a pretty nice day but live storm tracker 2 showing showers. we mentioned a chance again for sprinkles tomorrow. when that could happen. s out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. . >>> now to the continuing coverage of playoff fever in the bay area and today it's do or die for the giants and the a's. we have live team coverage for you beginning with joe fonzi live in cincinnati where the giants in the middle of a must win game. >> reporter: you hear a lot about that term in sports, must win games but for the giants it's absolute
. that is what will kill this thing. we need to get our act together controlling our fiscal deficit in the future. >> i assume you favor a change in corporate taxation? >> the current system does not work. if they say -- prove it. it's hard to prove that in real time. today that it's different this time? five or six bad examples is because of bad policy. ben bernanke, jr., will write a book down the road sign we could have made this better. one thing is taxation. we are training immigrants and sending them back from. some companies have to invest here. if your building a semiconductor plant, a data center, a research center, it does not have to be here. a lot of it can be made over there because taxes are lower. it makes their returns 30%-40% higher. that's economics. separate morality from economics. set up the economic system that is conduve to growth, conducive to jobs, conducive to g.d.p. and then we will have a conversation. i do not mind paying 36.9% in taxes or of my capital gains separate 20%. i want a society getting more economical. do not mess up the economic engine making this possibl
knew that he was driving our deficit? >> reporter: he put up a cable tv ad. >> it's me, big bird. >> big, yell, oh a menace to our economy. mitt romney knows it is not wall street you have to worry about. it is sesame street. >> reporter: team obama even flew the messagever romney today. who mocked the president's move to save a tv character. >> i actually think we need to have a president who talks about saving the american people and saving good jobs and saving our future. >> reporter: a race with new energy and urgency in key states like ohio where this is the time day for voter registration. >> reporter: with romney ahead, but the president keeping his lead in the poll with a bigger group. all registered voters, democrats figure more than ever now, it is turnout that will decide who wins. i'm steve handelsman, news4. >>> the big day is almost here. the nationals' first game of the playoff season is tomorrow afternoon at nationals park against the cardinals by this time tomorrow, the game will probably be over. and thousands of baseball fans will converge with rush hour traffi
in the u.s., reducing oil dependency and balance much trade deficit. melissa: all you've done is talking points. you haven't answer ad single question. we're out of time. could you anticipates one of the questions. >> melissa, here is the facts. the facts are, more people are going back to work. the unemployment rate is 7.8%. this is looking very much like 1984 and ronald reagan. unemployment down, people back to work. melissa: thanks for coming on the show. we appreciate your time. >> my pleasure. melissa: so there is big divide in the jobs data today, as we're discussing household survey shows total employment surged 873,000, but payroll says only 114,000 people went back to work. even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with you. >> the bls is not cooking the
raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here how could we ever trust him here? . >>> as we await mitt romney and paul ryan, let's get to our strategy session. joining us now two cnn contributors the democratic strategist maria cardona and former bush speech writer david frum. thanks very much for coming in. we had a focus group, undecided voters watching in virginia at the debate last night. and the low point for paul ryan happened when he was talking about abortion. let me play unelected make this decision elected representatives and reaching a consensus in society through the democratic process should make this determination. >> that was the low point for him. and among those focus groups in the dial test today @barack obama the twitter site tweeted low point happened near the end of the debate when he was asked about abortion. i was referring to that focus group. how much of a problem is the difference between the democratic ticket and the republican ticket with female voters out there when it comes
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